Burberry’s sustainability bond is a UK trendsetter

September 19, 2020 03:00 AM BST | By Team Kalkine Media

Burberry is parading its “first sustainability labeled bond issued by a luxury fashion company”. It sounds like a contradiction in terms in the fickle world of fashion. But the glad rags group that made tartan scarves hot in the 1990s is on the money, and ahead of the curve in the UK.  Green is this season’s colour and sustainability has become the badge du jour, even in City circles suspicious of woke-washing. Bonds designed to finance environmental, social, or governance projects have risen from 2.8 percent of the total bond market in the first quarter to 4 percent, according to credit rating agency Moody’s, even at a time of mammoth debt issuance. 


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